For Sale: 120 29 Avenue NW, Calgary, AB - REW
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$1,980,000
0 bd • ba • 4829 sf • Multifamily
120 29 Avenue NW
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$1,980,000
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120 29 Avenue NWCalgary, AB, T2M 2L8

Tuxedo Park
  • 0 Bed
  • Bath
  • 4829 Sqft
  • Multifamily

About this home

This 8-unit concrete apartment building in Tuxedo Park, comprising seven one-bedroom units and one studio, offers a rare turnkey investment with significant value-add potential. The property has undergone over $240,000 in recent capital improvements—including a new high-efficiency hydronic boiler, a full SBS membrane roof replacement, electrical upgrades, and building-envelope and security enhancements—ensuring that all major mechanical and structural work is complete. Currently operated as non-market housing, the asset sits significantly below inner-city market rates, providing immediate rental upside through unit-level cosmetic renovations. Situated just one block north of the future 28th Avenue Green Line LRT station and steps from the Centre Street MAX Green BRT corridor, the property features six energized parking stalls, shared laundry, and a current fire inspection on file, making it a premier transit-oriented acquisition. (id:63626)
Listed by: Miki Somos, Associate, REMAX Innovations

Home facts and features

Price details
List Price
$1,980,000
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Gross Taxes for 2025
$9,394
Home facts
Bedrooms
0
Full Bathrooms
Parking Spaces
6
Property Type
Multifamily
Lot Size
19 ft x 0 ft (7491 ft²)
Depth
Frontage
19.2 meters
Year Built
Built in 1972 (54 yrs old)
Title
Freehold
Exterior Finish
Concrete, Poured concrete
Heating Type
Natural gas
Features
Alarm system
Community
Agent details
Primary Agent
Miki Somos
Primary Broker
REMAX Innovations
Listing details
Days on REW
26 Days
Property Views
41
MLS® Number
A2310526
Source
Canadian Real Estate Association
Board
Calgary Real Estate Board
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Amortization
25 Years
Interest Rate
3.99%

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Property Insights

École De La Rose Sauvage
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Buchanan School
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Georges P. Vanier School
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St. Joseph Elementary Junior High School
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James Fowler High School
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Mount View School
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Balmoral School
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The Chinese Academy
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Project Trust
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King George School
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Call Agent
Miki Somos
Phone:
(403) 700-2244
Office:
403-228-5557
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This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

By proceeding, you consent to receive communications using the methods provided, from REW.ca and our partners about your inquiry and other home-related matters to assist you in your search, but not as a condition of any purchase.